Buxton Resources To Undertake Strategic Portfoliio Rationalization to Focus on Copper, Gold Discovery Opportunities, Shares Rise Over 7%

MT Newswires Live

2025/09/18

Buxton Resources (ASX:BUX) said it would undertake a strategic portfolio rationalization to focus on copper and gold discovery opportunities, according to a Thursday Australian bourse filing.

It decided to divest or reduce several non-core projects after a review. It said it relinquished the Widowmaker project in Western Australia. It also relinquished the West Kimberley, Shogun, and Royale projects in Western Australia, while retaining the Royale project tenement E45/6231, which hosts the M1 copper-gold target. It is planning an airborne magnetotelluric survey at the target.

Non-core areas of the Narryer project in Western Australia were trimmed, while the Blackhawk graphite and Stonehut magnetite discoveries will be retained.

It exited the farm-in agreement for the Matrix project in Arizona, and as part of this transition, it was granted an exclusive option to purchase a 0.5% net smelter royalty over the project for AU$50,000.

Its shares jumped over 7% in recent trading on Thursday.

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